Principal Street Partners LLC Cuts Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Principal Street Partners LLC reduced its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 60.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,104 shares of the transportation company's stock after selling 20,450 shares during the period. Principal Street Partners LLC's holdings in United Parcel Service were worth $1,652,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of UPS. IMG Wealth Management Inc. purchased a new stake in shares of United Parcel Service during the 4th quarter valued at about $25,000. Generali Investments Management Co LLC purchased a new stake in United Parcel Service during the fourth quarter valued at approximately $26,000. Runnymede Capital Advisors Inc. purchased a new position in shares of United Parcel Service in the 4th quarter worth approximately $30,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of United Parcel Service during the 4th quarter valued at approximately $31,000. Finally, Transce3nd LLC purchased a new stake in United Parcel Service during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

NYSE UPS opened at $99.03 on Tuesday. The firm has a market capitalization of $84.59 billion, a P/E ratio of 14.65, a PEG ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $149.57. The stock has a 50-day simple moving average of $102.03 and a two-hundred day simple moving average of $117.25. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same quarter in the prior year, the firm posted $1.43 EPS. The business's quarterly revenue was down .9% compared to the same quarter last year. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be issued a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.62%. United Parcel Service's payout ratio is currently 95.63%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UPS. UBS Group reduced their target price on shares of United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Galvan Research reduced their target price on United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Robert W. Baird downgraded shares of United Parcel Service from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $160.00 to $130.00 in a research note on Friday, January 31st. Wolfe Research decreased their target price on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, StockNews.com lowered shares of United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $120.26.

About United Parcel Service

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.

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